The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.

Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks.

In addition to the Zacks Rank, investors looking for stocks with specific traits can utilize our Style Scores system. Of course, value investors will be most interested in the system's "Value" category. Stocks with "A" grades for Value and high Zacks Ranks are among the best value stocks available at any given moment.

One company value investors might notice is Amerigo Resources (ARREF). ARREF is currently holding a Zacks Rank of #1 (Strong Buy) and a Value grade of A.

Investors should also recognize that ARREF has a P/B ratio of 1.95. Investors use the P/B ratio to look at a stock's market value versus its book value, which is defined as total assets minus total liabilities. This company's current P/B looks solid when compared to its industry's average P/B of 3.68. ARREF's P/B has been as high as 2.34 and as low as 1.27, with a median of 1.58, over the past year.

Value investors also frequently use the P/S ratio. This metric is found by dividing a stock's price with the company's revenue. This is a popular metric because sales are harder to manipulate on an income statement, so they are often considered a better performance indicator. ARREF has a P/S ratio of 1.36. This compares to its industry's average P/S of 3.11.

Finally, investors will want to recognize that ARREF has a P/CF ratio of 8.95. This figure highlights a company's operating cash flow and can be used to find firms that are undervalued when considering their impressive cash outlook. This stock's P/CF looks attractive against its industry's average P/CF of 21.67. Over the past 52 weeks, ARREF's P/CF has been as high as 10.75 and as low as 6.34, with a median of 8.42.

Another great Mining – Non Ferrous stock you could consider is Lundin Mining (LUNMF), which is a # 2 (Buy) stock with a Value Score of A.

Shares of Lundin Mining are currently trading at a forward earnings multiple of 12.45 and a PEG ratio of 0.26 compared to its industry's P/E and PEG ratios of 24.29 and 1.41, respectively.

LUNMF's price-to-earnings ratio has been as high as 18.82 and as low as 7.75, with a median of 12.34, while its PEG ratio has been as high as 1.98 and as low as 0.24, with a median of 1.07, all within the past year.

Additionally, Lundin Mining has a P/B ratio of 1.43 while its industry's price-to-book ratio sits at 3.68. For LUNMF, this valuation metric has been as high as 1.58, as low as 0.72, with a median of 1.04 over the past year.

These are only a few of the key metrics included in Amerigo Resources and Lundin Mining strong Value grade, but they help show that the stocks are likely undervalued right now. When factoring in the strength of its earnings outlook, ARREF and LUNMF look like an impressive value stock at the moment.

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Amerigo Resources Ltd. (ARREF) : Free Stock Analysis Report

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